In this island economy progress in fiscal reforms
and prudent macroeconomic management have boosted annual growth to
5%-6% in 1998-99. The increase in economic activity has been led by
construction and trade. Tourist facilities are being expanded; tourism
is the leading foreign exchange earner. Major short-term concerns are
the rising fiscal deficit and the deterioration in the external
account balance. Grenada shares a common central bank and a common
currency with seven other members of the Organization of Eastern
Caribbean States (OECS).

purchasing power parity - $360 million (1999 est.)

5% (1999 est.)

purchasing power parity - $3,700 (1999 est.)

agriculture: 9.7%
industry: 15%
services: 75.3% (1996 est.)

NA%

lowest 10%: NA%
highest 10%: NA%

1.3% (1998)

42,300 (1996)

services 62%, agriculture 24%, industry
14% (1999 est.)

15% (1997)

revenues: $85.8 million
expenditures: $102.1 million, including capital expenditures of $28
million (1997)

food and beverages, textiles, light assembly operations,
tourism, construction

0.7% (1997 est.)

105 million kWh (1998)

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

98 million kWh (1998)

0 kWh (1998)

0 kWh (1998)

bananas, cocoa, nutmeg, mace, citrus,
avocados, root crops, sugarcane, corn, vegetables

$26.8 million (1998)

bananas, cocoa, nutmeg, fruit and vegetables,
clothing, mace

Caricom 32.3%, UK 20%, US 13%, Netherlands 8.8%
(1991)

$200 million (1998)

food, manufactured goods, machinery, chemicals,
fuel (1989)

US 31.2%, Caricom 23.6%, UK 13.8%, Japan 7.1%
(1991)

$89.2 million (1998)

$8.3 million (1995)

1 East Caribbean dollar (EC$) = 100 cents

East Caribbean dollars (EC$) per US$1 - 2.7000 (fixed
rate since 1976)

calendar year